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55/2015 Arrangement to significant agreement.


 

 


The Management Board of Gremi Media S.A., in reference to the current report no. 25/2013, informs that on December 22, 2015 an arrangement was concluded between Gremi Sukces Sp. z o.o. with its registered office in Warsaw (a subsidiary of the Issuer), Presspublica Sp. z o.o. with its registered office in Warsaw and Mr. Tomasz Niewiadomski, conducting business under the name "Tomek Niewiadomski Fotografia" Tomasz Niewiadomski, concerning the change in price of sales agreement of intellectual property rights, concluded on October 7, 2013, described in the above mentioned report.

Under the above mentioned Arrangement the Parties, in the light of the fact that there is no possibility of performing the services specified in the agreement due to lack of issue of the magazine "Przekrój", agreed that the selling price specified in the agreement is reduced to PLN 5,000,000 net, and the remainder to repay in the amount of PLN 1,000,000 the Buyer returns to the Seller's bank account until December 31, 2015.

 

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